Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Palmyra PA Buildable Lot Title is generated by Realmo AI

    N RAILROAD, Palmyra, PA 17078

    View on Map
    Claim this Listing
    For Sale
    $59,900

    LAND - PALMYRA, PA

    Lot size:
    0.21 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    68
    Last Refresh:
    May 17 at 5:06 pm

    Property Features for N RAILROAD

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Annual Amount
    420

    We can help!

    Listing Contact
    Michael Sechman
    Michael Sechman

    Listing agent Michael Sechman License #RS342865

    Listing office Keller Williams Realty 530 N Lockwillow Avenue, Harrisburg, PA

    Listing date Mar 11, 2026

    MLS# PALN2025078 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Flat, buildable lot ready for construction.
    • Zoned Mixed Use, offering diverse development options.
    • Located in Palmyra Area School District.
    • Potential for single‑family, duplex, or two‑family dwellings.
    • Backs to alley, enabling off‑street parking or garage construction.
    • Allows for municipal, governmental, park, playground, utility, cemetery, and church uses.

    Overview

    This flat, buildable lot is located in Palmyra, Pennsylvania, within the Palmyra Area School District. Zoned for mixed use, the property offers various potential development opportunities, including single-family detached dwellings, duplexes and two-family dwellings, municipal and governmental uses subject to additional requirements, parks and playgrounds, public utilities structures, and cemeteries, including pet cemeteries, churches and related uses subject to additional requirements. The property backs to an alley, providing additional possibilities such as off-street parking or a garage. The lot size is 0.21 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Palmyra
    County
    Lebanon
    State
    Pennsylvania
    Longitude
    -76.5834
    Latitude
    40.2909

    Nearby Similar for Sale

    • $450,000
      2,922 SF

      Palmyra Triplex Investment Opportunity

      Well-maintained triplex with strong rental potential in a desirable location.
      521 & 523 E MAIN Street, PALMYRA, PA 17078
      View Details
    • $250,000

      Versatile Palmyra Land Parcel

      10.28-acre parcel with excellent connectivity to major routes.
      440 E PATRICK Road, PALMYRA, PA 17078
      View Details
    • $750,000

      Land in Palmyra, Pennsylvania

      7.6-acre lot near Hershey for custom home construction.
      STAUFFERS CHURCH Road lot: 8, PALMYRA, PA 17078
      View Details
    • $650,000

      6-Acre Lot in Palmyra, PA

      Build your dream home on this 6-acre Palmyra lot.
      FELTY MILL Road lot: 9, PALMYRA, PA 17078
      View Details
    • $650,000

      6-Acre Lot in Palmyra, PA

      Build your dream home on this 6-acre Palmyra lot.
      FELTY MILL Road lot: 5, PALMYRA, PA 17078
      View Details
    • $450,000
      2,922 SF

      Palmyra Triplex: Investment Opportunity

      Well-maintained triplex in Palmyra with strong rental potential.
      521 East Main Street, Palmyra, PA 17078
      View Details
    • $41,635,000
      57,000 SF

      Harrisburg Headquarters Facility For Sale

      20.76 acres with new construction and 15-year lease.
      9969 Allentown Blvd, Palmyra, PA 17078
      View Details
    • $1,950,000
      12,224 SF

      Former Carwash on Retail Corridor

      12,224 SF former carwash on 1.63 acres for sale.
      973 E. Main Street, Palmyra, PA 17078
      View Details
    • $1,050,000

      10-Acre Homesite in Palmyra, PA

      Build your dream home on this secluded 10-acre lot.
      STAUFFERS CHURCH Road lot: 6, PALMYRA, PA 17078
      View Details
    • Contact for pricing

      Commercial Land at Signalized Intersection

      1.85 acre commercial land with high visibility and parking.
      840 East Main Street, Palmyra, PA, 17078
      View Details
    • $1,600,000
      1 SF

      Prime Retail Land on Route 422

      1.7 acres of commercial land in high-traffic retail area.
      Ns E Main St, Palmyra, PA 17078
      View Details
    • $1,950,000
      12,224 SF

      Former Carwash on Retail Corridor

      12,224 SF former carwash on 1.63 acres for sale.
      973-975 E Main St, Palmyra, PA
      View Details

    FAQs

    What type of property is this?
    Commercial land - Flat, buildable lot in Palmyra Area School District.
    Where is this commercial land located?
    The property is located at N RAILROAD Palmyra, PA.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: Flat, buildable lot ready for construction.; Zoned Mixed Use, offering diverse development options.; Located in Palmyra Area School District.
    (717) 383-0745
    We can help!
    Listing Contact
    Michael Sechman
    Michael Sechman
    Real Estate License ID: RS342865
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    N RAILROAD, PALMYRA, PA 17078
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!